Who stated explicitly for the first time, the Law of Comparative Costs

1.	Who stated explicitly for the first time, the Law of Comparative Costs?
Answer» David RICARDO David Ricardo stated EXPLICITLY for the FIRST time, the Law of Comparative Costs. Absolute ADVANTAGE REFERS to the uncontested superiority of a country to produce a particular good better. Comparative advantage introduces opportunity cost as a factor for analysis in choosing between different options for production.

Who stated explicitly for the first time, the Law of Comparative Costs?

Answer»

David Ricardo stated EXPLICITLY for the FIRST time, the Law of Comparative Costs. Absolute ADVANTAGE REFERS to the uncontested superiority of a country to produce a particular good better. Comparative advantage introduces opportunity cost as a factor for analysis in choosing between different options for production.

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Who stated explicitly for the first time, the Law of Comparative Costs?

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